Valley Classical Concerts Inc

Analysis

Valley Classical Concerts Inc is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Valley Classical Concerts Inc reported income of $110k and spending of $90k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $82k to $110k (+34%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Classical Concerts Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Bushwick Northwest ($110k), Noel Shoe Museum ($110k) and Narrows Community Theatre Inc ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 42% of the total. At year end it held assets of $106k against liabilities of $49, net assets of $106k.